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Globally, the number of people living in extreme poverty fell from 36 per cent in 1990 to 10 per cent in 2015. But the pace of change is slowing, and the COVID-19 crisis risks reversing decades of progress in the fight against poverty. A new study published by the UN World Research Institute for Development Economics warns that the economic impact of a global pandemic could increase global poverty by another half billion people, or 8% of the world’s total population. This increase in global poverty would be the first time in 30 years since 1990.
More than 700 million people, or 10 per cent of the world’s population, are still living in extreme poverty, struggling to meet the most basic needs, such as health, education and access to water and sanitation. Most people living on less than $1.90 USA per day, live in sub-Saharan Africa. Worldwide, rural poverty is 17.2 per cent, more than three times higher than in urban areas.
For the working population, having a job does not guarantee a decent standard of living. In 2018, 8% of workers and their families around the world actually lived in extreme poverty. One in five children live in extreme poverty. Social protection for all children and other vulnerable groups is critical to reducing poverty.
783 million people still live in extreme poverty.
In 2016, nearly 10 per cent of the world’s workers and their families lived on less than $1.90. USA per person per day.
Globally, for every group of 100 men aged 25-34 living in extreme poverty, there are a group of 122 women.
The vast majority of people living on less than $1.90 a day are in two regions, South Asia and sub-Saharan Africa.
High levels of poverty are often observed in small fragile countries affected by conflict.
One in four children under the age of five years has insufficient growth.
In 2016, only 45 per cent of the world’s population had at least one social security benefit.
In 2017, economic losses from natural disasters, including hurricanes in the United States and the Caribbean, were estimated at $300 billion.